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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Council acts against agent and says tenants "pay through the nose"

A lettings agent described as ‘rogue’ by a London council, along with two lettings companies, have been heavily fined for operating a dangerous unlicensed HMO.  The agent,...

ARLA reminds industry on provisions of imminent HMO rule changes

The Association of Residential Letting Agents has issued a reminder to the industry of the need to understand and abide by new rules for Houses in...

Rent-to-rent firm says London lettings market led by Tech hubs

Rent-to-rent operator Residently says area with high volumes of tech company employees are leading the lettings market’s growth in London. The firm provides landlords with long-term guaranteed...

500 not out - NALS hits Foundation Lettings Course milestone

The National Approved Letting Scheme is celebrating the 500th candidate to complete its Foundation Lettings Course. Moira Devlin of Lowther Homes, in Scotland, was the 500th graduate,...

Success: head of property firm acquitted of charges relating to HMO

A property management firm chief who had to pay over £20,000 after being found guilty of nine offences relating to an HMO has had all findings...

Ditch deposits - 43% of tenants want a no-deposit alternative

A new study shows that 43 per cent of tenants want the system of private rental deposits to be dropped and replaced with insurance-based alternatives.  The study...

Free seminars for agents wanting to restructure lettings businesses

Free seminars are to be held next month to help letting agents restructure their business to optimise opportunities in the current challenging market. Simon Duce, managing director...

More tenants' social media accounts being checked, claims lender

One in nine landlords now check prospective tenants’ social media accounts to try to assess how they may behave as renters, according to a mortgage lender. Research...

Missing lettings agent and missing money - new call for police action

There’s a growing call for more police action over tracing a lettings agent who is apparently missing - as is some thousands of pounds owed to...

Rental market 'has fallen into recession' says The DPS

A gloomy report from The Deposit Protection Service says the UK’s rental market is in recession for the first time since the banking crisis started a...

Rents broadly steady according to HomeLet and Hamptons data

HomeLet says the average rent in the UK is now £947, up 0.9 per cent on last year - or up 1.3 per cent if London...

Another short let management firm to expand out of London

Another short let management firm, set up in the wake of an explosion of Airbnb-style renting by amateurs and professionals, is expanding from London into Bristol...

'Very large clouds over rental sector' warns Emoov-owned agency

The lettings director at Urban, the online agency recently snapped up by Emoov, says the rental market is faced with significant problems “as it buckles under...

Agent hit with massive £30,000 fine for letting one tiny room

A lettings agent who let a tiny room behind a kitchen in a property in London has been ordered to pay more than £32,000 in court. Viviane...

Buy to let mortgage costs increase after Bank of England rate rise

New figures out show that buy to let mortgage rates are showing the effects of last month’s base rate rise. Online mortgage broker Property Master says average...

Start-up snapped up - Movem bought by HomeLet parent firm

Barbon Insurance Group, which trades as HomeLet and Rentshield Direct, has now snapped up Movem. Movem uses personal online banking transaction data to validate tenants’ financial means...

'Name and shame rip-off agents' demand Trading Standards and NALS

Trading Standards departments in London are asking renters to name and shame letting agents who are not complying with the law - and the campaign in...

Investment trust to compete against Buy To Let and Build To Rent

An investment trust has been launched and looks likely to be competing for individual investors who may see it as an alternative to the increasingly complex...

Banned and fined! Notorious HMO had 'unsafe and insanitary' rooms

The landlord of an HMO who subjected his tenants to insanitary and unsafe living conditions has been told he will no longer be able to rent...

Success for managing agency as it scoops prestigious People award

Managing agency Rendall & Rittner has scooped a Platinum Investors in People award, demonstrating commitment to high performance through good people management. The company, which currently employs...

Stop blaming agents for rental sector problems, top expert demands

A landmark report on private renting provides the opportunity to stop blaming letting agents and landlords for the sector’s problems, a leading expert says. Kate Faulkner -...

Franchise giant's success makes it number two in lettings to Countrywide

Franchise giant Belvoir Lettings has told the City and the firm’s shareholders that revenues and profits have risen in the first half of this year.  Sales for...

Agency bucks trend by creating Build To Rent investment opportunities

Some industry observers say letting agents and Build To Rent are daggers drawn, but one agency in the Midlands is having nothing of that - and...

Tenants' Fees Bill: date set for next Parliamentary stage

It’s been announced that the next stage of the Tenants’ Fees Bill through Parliament will be its Second Reading in the House of Lords, scheduled for...

More red tape? Labour gives top-level support for 'mandatory register'

Shadow housing minister John Healey has given his backing to a Labour MP’s attempt to introduce a mandatory national register for buy to let landlords. Sedgefield MP...

More industry backing for 'landmark' review of rental sector

The National Landlords Association is the latest trade body to back what is being described as a landmark review of the private rented sector in England...

London agency's lettings book rebranded by ex-Countrywide team

The lettings book of My London Home will be absorbed into the Stirling Ackroyd portfolio and rebranded this autumn. Consisting of nearly 1,000 managed properties, the portfolio...

ZPG-backed Zero Deposit scheme signs up more independent agencies

More independent lettings agencies - Anthony Pepe, Let Leeds and Alexander & Co (formerly kaleidoscope Group) - have signed up to the ZPG-backed Zero Deposit scheme. The...

Mystery as established agent goes to ground owing furious clients thousands

A letting agent operating in Cambridgeshire has seemingly 'gone to ground', owing landlords and tenants thousands of pounds. Frank Smart, who has been running Smart Residential in...

Just three weeks until new HMO licensing rules are introduced

It is now just three weeks until licensing of Houses in Multiple Occupation (HMO) is extended. The new rules, which will require all properties housing five or...

Councils must use their 'extensive powers' to root out rogue landlords

The policy director of the Residential Landlords Association (RLA) is calling on local councils to use the 'extensive powers' they have to root out rogue landlords...

Family-run hybrid agency clinches £300k student lettings deal

A family-run hybrid based in the North East has secured the £300,000 contract to manage a new student accommodation development in Newcastle. BeeMyHome will manage the 43-bed...

Double acquisition marks further expansion for fast-growing regional

Fast-growing regional Yorkshire agency Linley & Simpson has announced the details of two new acquisitions. It has picked up the lettings books of Leeds-based Hitchen & Co...

Average rents growing at highest rate since 2016, index shows

The average rent in the UK increased by 0.13% last month - the highest level of monthly growth recorded since April 2016. This is according to the...

Landlord given huge £170k fine for serious fire safety failings

A landlord in Reading has been handed a huge fine for serious breaches of fire safety regulations.  Philip Brotherton's company Cresctcourt Properties was fined £177,000 after he...

Guild members to be trained by former ARLA president

Members of the Guild of Property Professionals will be given access to a series of training videos put together by former ARLA Propertymark president Sally Lawson. The...

Student property - Birmingham is UK's leading buy-to-let hotspot

The UK's second city Birmingham takes top spot when it comes to student property returns for buy-to-let investors. Analysis by online letting agency Urban.co.uk calculates an average...

Fees ban: MPs announce further proposals to protect tenants

MPs have proposed a series of amendments to the Tenant Fees Bill as part of its Report Stage and Third Reading in the House of Commons. Yesterday...

Is the government planning to pull the plug on three-year tenancies?

Reports have emerged this week that the government is planning a U-turn on its proposals to introduce mandatory three-year minimum tenancies in the private rented sector. This...

Cleaning and damage again most common reasons for deposit deductions

Cleaning and property damage are the most common reasons landlords make deposit deductions, according to data released by The Deposit Protection Service (DPS). Over the last year,...

Selling up? Almost half of landlords want out of buy-to-let

A survey has revealed that 44% of landlords are looking to sell properties as a challenging market takes its toll. Octopus Choice, a P2P lending product, surveyed...

Portals Zoopla and OnTheMarket advertising rental listings on Facebook

Leading portals Zoopla and OnTheMarket have today announced that they will both be advertising agents' rental property listings on Facebook Marketplace. Marketplace allows consumers to search for...

Letting agency hit with £10,000-plus fine for smoke alarm failings

A London council has fined a letting agency over £10,000 for failing to install smoke alarms in a rental property. Waltham Forest council has prosecuted Just Move...

Market not prepared for growing trend of lifetime renting, says leading agent

A leading letting agent argues that the UK housing market is not prepared to deal with a growing number of lifetime renters. DJ Alexander, an independent agency...

Rent payments and credit scores - new partnership to benefit renters

Rent recognition platform CreditLadder, which enables renters to add their payments to their credit history, has announced a partnership which aims to benefit around 10,000 tenants. The...

Spark to offer low price energy deals for cost-cutting agents

Lettings sector energy firm Spark has announced that it is launching a business-to-business energy service which will initially target high street estate and letting agents. Spark Business...

Fraud probe launched against agent which owes thousands to clients

The police have launched a fraud probe against a Norfolk estate agency which closed in June.  The Eastern Daily Press (EDP) reports that the Swaffham agency, eHomes...

Government publishes deposit scheme paper ahead of fees ban Report Stage

The House of Commons has published a briefing paper on tenancy deposit schemes ahead of the Report Stage of the Tenant Fees Bill on Wednesday. The paper,...

'Agents must accommodate renters looking for deposit-free renting' - claim

The chief commercial officer of PropTech startup Canopy says that letting agents and Build to Rent landlords need to accommodate the 'scores of conscientious urban renters'...

New online training to help agents with 'complex legal environment'

The Residential Landlords Association (RLA) has this week launched a new Training Academy which aims to help landlords, agents and property professionals seeking additional support.  The academy...

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